What is flexible universal life insurance

Universal life is a flexible way to get a permanent life insurance policy and build cash value. The premiums are flexible: you can raise or lower payments within certain limits set by the insurance company.

What are the disadvantages of universal life insurance?

Universal life insurance offers lifelong coverage, provides flexibility when it comes to paying premiums and choices for how the policy's cash value is invested. A standard universal life insurance policy's cash value grows according to the performance of the insurer's portfolio and can be used to pay premiums.

Why is universal life insurance flexible?

Universal life insurance is more flexible.\n\n Universal life offers more control, but it requires oversight and doesn't have a guaranteed death benefit. You can adjust your policy, and even your premiums (within limits), as your life changes.

Which is more flexible whole or universal life insurance?

Variable universal life (VUL) insurance is a type of permanent life insurance policy that allows for the cash component to be invested to produce greater returns. VUL insurance policies are built like traditional universal life insurance policies but let you invest the cash value in the market via subaccounts.